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Author(s): CUPR ( Burchell ), NJIT ( Pignataro ), and Epling Corporation ( Epling )
EDA is a government agency
that promotes and depends on local and regional planning. All grants
must be in accordance with a comprehensive strategy of economic
regeneration. Planning is important to setting both the framework
(CEDS) and the objectives (RLF Plan) for economic progress. Sustained
and coordinated economic development would flounder without this
type of planning. Other public agencies look to EDA to put a strategy
of economic development in place. This type of strategy aids the
RLF by ensuring that its activities support the general theme of
economic restructuring. The strategy is also important to RLF portfolio
performance because it targets recipients of loans and provides
procedures and guides with which to view loan performance. It is
this study? conclusion from the 30 cases examined that economic
development planning is important to the goals of economic restructuring
and to the basic objectives of portfolio performance. |
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